Author of three books. This blog not very active so follow on Twitter: @gary_weiss

Saturday, March 31, 2007

Lloyd Blankfein is Turning Me Into a Commie

Someone sent me a link to this article in Radar Online, about how Goldman Sachs CEO Lloyd Blankfein is spending his $53.4 million 2006 pay check:

Now he's aimed his checkbook at the fabled "Old Trees" estate in Southampton and fired away, buying the place for a staggering $41 million. Not only is the 1911 estate located on swanky First Neck Lane, it's a spacehog, swallowing up 10.6 acres on Lake Agawam.

There's a clay tennis court and an ocean-view swimming pool with a heated walkway from the main house—exactly the sort of adult playground gear you'd expect to find in tony Southampton. But even the "cottage" on this estate has 13 bedrooms and a dining room that seats 60. Another guest house, the modestly named "Tulip Cottage," has three bedrooms and a heated pool of its own. The "barn," built in the 1800s, has three bedrooms, too, and massive entertainment space.

A nice beach house. Of course, he could divide it up into apartments and make it a nice dacha for the proletariat.

Sorry, I just had to say it. Excessive Wall Street consumption brings out the Commie in me. I know: it's not fair to say that, he earned every penny, he'll probably throw some rubles at United Way, blah blah blah.

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About Me

I'm a journalist and author. My latest book is AYN RAND NATION: The Hidden Struggle for America's Soul (St. Martin's Press: Feb. 28, 2012). My previous books were Wall Street Versus America (Portfolio: 2006) and Born to Steal (Warner Books: 2003). I was an investigative reporter and Wall Street writer for BusinessWeek, a contributing editor at Condé Nast Portfolio, and have written for the Daily Beast, Parade magazine, Salon, The Street.com, Fortune.com, Barron's and many other publications. I was an adjunct professor at Columbia University's School of Journalism. Follow me on Twitter @gary_weiss Email: garyweiss dot email at gmail dot com